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Shares of Adani Energy Solutions have decreased from their peak. Investors are awaiting the June quarter earnings report. The report is due on Thursday. Analysts suggest a potential move towards Rs 940. Technical indicators show mixed signals. Support lies at Rs 840, with resistance near Rs 900. The earnings report may resolve the current technical deadlock.
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News and Media
President Trump has criticised American tech companies for their global manufacturing and hiring practices, particularly in China and India. He asserted that these companies have benefited from American freedoms while prioritizing overseas operations, leading to distrust among American citizens.
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News and Media
Brigade Hotel Ventures launched its IPO today. The IPO aims to raise 759.6 crore. The price band is 8590 per share. The IPO will close on July 28. Listing is expected on July 31. The company plans to expand to 14 hotels by FY29. Brokerages have a mixed view on the IPO. High valuations are a concern.
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News and Media
Mahindra Holidays & Resorts, a Vijay Kedia portfolio stock, reported a robust 69% YoY surge in standalone net profit to 76 crore for the June quarter. Revenue climbed 5% to 369 crore, with EBITDA soaring 42% to 161 crore. MD & CEO Manoj Bhat highlighted strong domestic performance and resilience in European operations despite currency headwinds.
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News and Media
Brigade Hotel Ventures plans to raise 759.6 crore through an IPO to reduce debt and acquire land, potentially decreasing promoter stake to 74.1%. A significant portion of its revenue is concentrated in Bengaluru, particularly from the Sheraton Grand Bangalore. While revenue and occupancy have increased, investors are advised to monitor performance post-listing due to high valuation compared to peers.
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News and Media
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